Marathon Petroleum cuts spending by USD1.4 bln as virus saps fuel demand

Marathon Petroleum cuts spending by USD1.4 bln as virus saps fuel demand
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

08.05.2020

MOSCOW (MRC) -- US oil refiner Marathon Petroleum Corp cut spending by 30% and detailed other measures to reduce costs, as widespread lockdowns to curb the spread of the COVID-19 pandemic pummel demand for oil and gas, reported Reuters.Stay-at-home orders to contain the pandemic have decimated travel, cutting worldwide demand for oil at a time when the market is already over supplied.With

Full article at mrcplast.com

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